Home Financial Deferred Payments, Accelerated Debt: the Buy Now, Pay Later Trap

Deferred Payments, Accelerated Debt: the Buy Now, Pay Later Trap

by Deidre Salcido
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You’ve seen those tempting checkout options — “Split this into 4 easy payments!” or “Pay over 6 weeks with no interest!” Buy now, pay later (BNPL) services promise to make that dream purchase affordable right now, but financial experts are sounding alarm bells about the hidden dangers lurking behind those convenient payment plans. The Certified Financial Planner (CFP) Board recently warned…

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